Wednesday , 6 November 2024
Home Forex China reaffirms it will not renounce the use of force over Taiwan
Forex

China reaffirms it will not renounce the use of force over Taiwan

Chen Binhua, the spokesperson for China’s Taiwan Affairs Office said that:

“We are willing to strive for the prospect of peaceful reunification with the utmost sincerity and endeavour. But we will never commit ourselves to renouncing the use of force.”

He does go on to warn against “external forces” in play though and that “if Taiwan dares to take risks, it will lead to its own destruction”. Adding that “our actions to defend national sovereignty and territorial integrity will not crease for a moment”.

That’s a poke at the US of course, so the tensions there are continuing to persist.

Just be wary that China president Xi did reportedly make a visit to Dongshan island on Tuesday, which faces Taiwan and where China fended off an invasion attempt by the Taiwan military back in 1953. The report from the Chinese state media did not reference Taiwan in any way though, noting that Xi was there to “strengthen the protection of cultural heritage”.

This article was written by Justin Low at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

US MBA mortgage applications w.e. 1 November -10.8% vs -0.1% prior

Prior -0.1%Market index 191.4 vs 214.5 priorPurchase index 130.8 vs 137.8 priorRefinance...

Treasury yields nudge towards the highs for the day as Trump confirmed as election winner

That is the highest level in four months and carries on from...

Mexican Peso plunges as Trump elected president

The Mexican Peso (MXN) plummets in its most-heavily traded pairs on Wednesday,...

USD/CHF Price Forecast: Strives to extend rally above 200-day EMA

The USD/CHF pair rallies to near 0.8750 in Wednesday’s European session.